Souter Investments confirms stake in Spraydown

Spraydown Limited, the Scotland Central Belt-based transport technology company, has agreed an undisclosed equity investment with Souter Investments. Spraydown recently launched its new revolutionary spray suppression system for commercial vehicles, which achieves a step-change performance improvement over devices in current use.

The company is presently making its debut appearance with the system at the 2008 Commercial Vehicle Show at Birmingham’s National Exhibition Centre.

Spraydown Managing Director, Steve Nesbitt says, “We are delighted to welcome Brian Souter’s investment vehicle to our panel of stakeholders in the business. This significant vote of confidence in what we are doing comes from a source well qualified in the operational demands of the transport sector. The initial reaction to the new Spraydown system has been extremely encouraging, both from fleet operators and OE vehicle and trailer builders. We have a further series of independent tests scheduled very shortly – to confirm some additional operational benefits of the system.”

The Spraydown system is being marketed through Universal Components of Sheffield and the company is also in advanced negotiations regarding distribution arrangements for key EU markets and the US.